Archive for May, 2009

(AFX UK Focus) 2009-05-26 21:48 UPDATE 2-Freddie Mac to start new multifamily funding program (Interactive Investor)
By Lynn Adler

Media & Politics
Permanent link to MTA daily media newsMatt DaviesObama’s Guantanamo Appeasement Plan (by Marjorie Cohn, professor at Thomas Jefferson School of Law and president of the National Lawyers Guild, writing at Truthdig) Two days after his inauguration, President Obama pledged to close Guantanamo within one year. The Republicans, led by Sens. John McCain, Mitch McConnell and Pat Roberts, immediately launched a concerted campaign to assail the new president… [N]ow even the Democrats are piling on the ba

UK home repossessions rise by 50% in a year
According to the Council of Mortgage Lenders (CML), the number of repossessed homes has risen by almost 50% from 2008 to 2009. In the first quarter of 2009, the number of repossessions rose to 12,800. In the first three months of 2008, the figure was 8,500. The CML had predicted that the number of homes being repossessed in 2009 was likely to be 75,000. Despite figures rising, the CML has now stated that this initial prediction was “pessimistic” and will release a revised figure with the n

(AFX UK Focus) 2009-05-21 19:04 UPDATE 1-Caja Madrid-originated fund to skip bond payment (Interactive Investor)
MADRID, May 21 (Reuters) - A mortgage securitisation fund partly originated by Spain’s second-largest savings bank Caja Madrid will miss some interest payments on bonds due to rising home-loan defaults, sources familiar with the matter said on Thursday. The Madrid RMBS II and III bonds will skip 1.2 million euros ($1.65 million) in interest payments this week on three tranches of junior debt …

(AFX UK Focus) 2009-05-20 14:23 TOPWRAP 4-Japan downturn deepens; U.S. home prices seen lower (Interactive Investor)
By Tetsushi Kajimoto and Hideyuki Sano

UK home repossessions rise by 50% in a year
According to the Council of Mortgage Lenders (CML), the number of repossessed homes has risen by almost 50% from 2008 to 2009. In the first quarter of 2009, the number of repossessions rose to 12,800. In the first three months of 2008, the figure was 8,500. The CML had predicted that the number of homes being repossessed in 2009 was likely to be 75,000. Despite figures rising, the CML has now stated that this initial prediction was “pessimistic” and will release a revised figure with the n

JP Morgan Chase & Co. - $221.7B
JPMorgan Chase & Co. ( JPMorgan Chase), incorporated in 1968, is a financial holding company. JPMorgan Chase’s principal bank subsidiaries are JPMorgan Chase Bank, National Association (JPMorgan Chase Bank, N.A.), a national banking association with branches in 23 states, and Chase Bank USA, National Association (Chase Bank USA, N.A.), a national bank that is the Company’s credit card issuing bank. JPMorgan Chase’s principal non-banking subsidiary is J.P. Morgan Securities Inc., its United

Guest Post: The “W” Recovery?
Submitted by Leo Kolivakis, publisher of Pension Pulse . First things first, let me tell my mom that I love her dearly and wish all the moms out there a Happy Mother’s Day. Now, I have put off writing this comment long enough. This is partly because analyzing this economy is not as easy I first thought. Having said this, let me explain to you why I think this will likely be a “W” recovery. U.S. led us into this mess and it will (hopefully) lead us out Back in August 2008,